In 2023, the number of enterprises in the Malt Liquors and Malt sector in the UK was 1.60 thousand. By 2028, forecasts indicate an increase to 1.84 thousand enterprises, reflecting a steady growth trajectory. Year-on-year growth rates are projected to rise by approximately 3% annually, with a compound annual growth rate (CAGR) of around 2.89% over the forecast period from 2024 to 2028.
Future trends to watch for:
- Increasing demand for craft malt liquor, driving the entry of new enterprises.
- Potential impact of regulatory changes and economic conditions on small businesses in the sector.
- Technological advancements and sustainability initiatives in production processes.